Vow (Buy, TP: NOK22.00) - Waiting for large contracts
Ahead of the H2 report, we forecast Q4 revenues of NOK191m, broadly in line with the guidance but 7% below Bloomberg consensus. Before Christmas, Vow announced another MoU in Landbased, but with previous firm contracts taking longer than expected from MoU, the market is unlikely to put too much emphasis on this. We consider the continued progress in the segment positive, reiterating our BUY and raising our target price to NOK22 (21) on higher peer-group multiples.Scanship Holding ASA in Norway-based company that designs, engineers, and produces solutions for waste management and wastewater purification for the cruise industry. The Company is also present in aquaculture industry where its products prevents pollution to sea and enable recirculation of valuable resources from fish production.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.